KONTAN.CO.ID - JAKARTA. PT Bussan Auto Finance (BAF) is offering Shelf-Registered Bonds IV Phase I Year 2026 with a principal amount of IDR 366.84 billion. The issuance is part of the Shelf-Registered Bonds IV Public Offering (PUB), targeting funds raised of IDR 4 trillion.

According to the prospectus published in KONTAN Daily on Monday (June 29, 2026), the bonds are being issued without a certificate of deposit and offered at 100% of their principal value. The bonds are divided into two series.

Series A has a principal amount of IDR 363.59 billion with a tenor of 370 calendar days and offers a fixed interest rate of 7.40% per annum. Meanwhile, Series B has a principal amount of IDR 3.25 billion with a three-year tenor and a fixed interest rate of 7.50% per annum.

Bond interest payments are made quarterly. The first interest will be paid on October 8, 2026. The principal repayment of the Series A Bonds is scheduled for July 18, 2027, while the Series B Bonds will mature on July 8, 2029.

In addition to bonds, BAF is also offering Shelf-Registered Sukuk Mudharabah II Phase I Year 2026 with a total proceeds of IDR 100 billion. This issuance is part of the Shelf-Registered Sukuk Mudharabah II Public Offering (PUB) with a target of raising IDR 1 trillion.

The sukuk mudharabah is issued without a certificate of deposit and is offered at a price of 100% of the sukuk proceeds. This instrument has a tenor of 370 calendar days with a profit-sharing ratio of 16.82% of the distributed income, with an indicated equivalent yield of 7.40% per annum.

The sukuk profit-sharing is paid quarterly. The first payment is scheduled for October 8, 2026, while the sukuk funds will be fully repaid upon maturity, July 18, 2027.

All proceeds from the public bond offering, after deducting issuance costs, will be used as working capital for the company's financing.

These funds will be allocated for financing new Yamaha motorcycles, car financing, financing for quality used motorcycles, financing for electronics and furniture, financing for micro, small, and medium enterprises (MSMEs), and other financing in accordance with the company's business license.

Meanwhile, all proceeds from the mudharabah sukuk issuance, after deducting issuance costs, will be used to support the company's consumer financing activities based on Ijarah Muntahiyah Bittamlik (IMBT) in accordance with the company's business license.